Build a New Home

We offer a number of construction and construction-to-permanent loans designed to help you finance your home easily and conveniently. For information on these products, including the benefits of closing before construction begins, talk with our mortgage specialist, Peggy Hoffman at 507-645-3111.

Building a New Home – Find a Builder

Hiring a builder is much like hiring any other type of professional – you will want to work with someone who is highly qualified. Some things to consider when interviewing a prospective builder for your project:

Meets state licensure and insurance requirements

Proven experience in building the type of residence you want

A solid reputation in the community, including a good rating with the Better Business Bureau

Check references from past clients

Has a permanent business address

Involvement in professional associations

Contact the state or county to verify that there is no history of legal proceedings against the company and that there are no legal proceedings pending

Once you receive the final specs from your contractor, we’ll set up a construction or construction-to-permanent loan that allows you to take necessary draws for up to 9 months. When your home is complete, we’ll convert your loan to a permanent financing solution, eliminating the need for two separate closings and duplication of closing costs.